Life insurance is an important part of your personal safety net, especially if you are the bread winner for your loved ones. We the leading insurance company in Maldives can work with you to find easy and affordable life insurance.
So you know your loved ones will be taken care of and see for yourself how life insurance can help you plan for the ‘if’ in life.
For the first time in Maldives Allied introduces life insurance to cater and serve customers in Maldives with innovative and need-specific product and services for the growing demand.
We are extremely proud to inform that we have launched our life insurance operations from 1st March 2008 and introduced new policies as follows-

1) Endowment policy - which is the most popular form of policy .It pays the sum assured amount with vested bonus on date of maturity. Premiums have to be paid during policy term. In event of untimely demise of life assured the sum assured is payable with bonus to beneficiary as mentioned in policy. Endowment policy thus provides for family security and old age provision.

2) Mortgage Protection Policy - be offered as collateral security for a mortgage loan availed from bank. Sum assured decreases every year and nothing is payable on maturity. Policy is assigned to bank. In case of untimely death sum assured on death is paid to bank to offset loan. Family is thus protected from calamity.

3) Child Education Expenses Policy - will help every parent to plan for the higher secondary and tertiary education of his/her child. The sum assured with bonus is payable at maturity in a lump sum or in four installments as per his/her option. Premiums are payable for selected term or till prior death of the parent if it occurs during the term. Children up to eight years can be included.

We plan to introduce more products to suit the needs of our valuable customers.

Click below to download the brochures

Endowment Assurance Plan

Mortgage Protection Plan

Child Education Expences Plan